The Real Deal New York

Posts Tagged ‘David Kramer’

  • hudson

    280 Cadman Plaza West in Brooklyn circa 1966 and David Kramer

    The board of trustees for the Brooklyn Public Library announced today that developer David Kramer’s Hudson Companies and architecture firm Marvel Architects will head up redevelopment of the Brooklyn Heights branch.

    The executive committee on the board recommended Hudson to be the developer on the project at 280 Cadman Plaza West. Hudson bid $60 million for the project. Under the plan, the 60,000-square-foot building would be demolished to make way for a 20,000-square-foot library at the base of a larger building with 115 affordable-housing units above it. [more]

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  • From left: 711 Fairmount Place and 2401 Davidson Avenue

    From left: 711 Fairmount Place and 2401 Davidson Avenue

    Tenants in six properties that are part of a 42-building real estate portfolio on the brink of foreclosure are preparing to file suit against management in Bronx Supreme Court. [more]

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  • Hudson's David Kramer and 626 Flatbush Avenue

    Hudson’s David Kramer and 626 Flatbush Avenue

    Residents of Brooklyn’s Prospect Lefferts Gardens neighborhood have filed a lawsuit in hopes of blocking the construction of a 23-story, 254-unit tower at 626 Flatbush Avenue, they announced in a release yesterday. The tower is being developed by Hudson Companies, as The Real Deal reported. [more]

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  • cornell-tech

    Cornell NYC Tech rendering and Hudson’s David Kramer

    The Hudson Companies and the Related Companies are jointly developing the first residential building at Cornell University’s technology campus on Roosevelt Island, according to the school.

    The Cornell NYC Tech building will hold about 350 housing units for students, faculty and staff. Apartments will range from micro-units to three-bedrooms. Amenities are slated to include a roof deck, gym, bike room, lounge and various media rooms. The developers plan to break ground on the building in 2015, though campus construction will kick off early next year. [more]

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  • From left: Kenneth Drucker, senior principal and director of design in HOK’s New York office, renderings of the Urban League Empowerment Center in Harlem and Hudson principal David Kramer

    Hudson Companies is tapping HOK Architects to design the new $225 million Urban League Empowerment Center in Harlem, the developer’s principal, David Kramer, told The Real Deal. HOK has released an additional rendering of the massive glass-walled facility, which towers above the area’s other structures, with three large garden terraces. [more]

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  • Hudson’s David Kramer and 626 Flatbush Avenue

    Hudson Companies, the development firm behind the Riverwalk neighborhood in Roosevelt Island, is keeping a hand in the game in Brooklyn. The company, which previously developed projects such as Third + Bond and the J Condominium at 100 Jay Street, has filed plans to build a 254-unit mixed-use building at 626 Flatbush Avenue in Prospect Lefferts Gardens, according to Department of Buildings records. [more]

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  • It must have been a very bad dream…

    December 29, 2009 03:15PM

    It must have been a very bad dream, which lasted the entire year. Yet
    it actually happened: little or no activity took place in commercial
    real estate in 2009. For those investment sales brokers who were so busy in 2006 and 2007
    making mucho dinero, 2009 was a time to travel to Bora Bora for a
    vacation since business was nonexistent. A leading sales broker, who preferred to remain anonymous, shared his struggle over the past year. “I was lucky,” he said. “I had one sale during the year. It was the
    sale of a retail condominium in the Village. Two years ago I was the
    broker of the year at my firm and now I have enough to pay for
    Starbucks.” Another senior investment broker didn’t sound any more optimistic. … [more]

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  • With the Federal Housing Administration struggling to meet its reserve fund regulations, city developers were holding their breath, hoping that the organization, which allows apartment buyers to put as little as 3.5 percent down, would continue to back loans. The organization’s troubles have shed new light on the importance of FHA, which some city developers say has become integral to the financial security of the condo business. “If you asked me about FHA a few years ago, I would have looked at you funny,” David Kramer, principal of the Hudson Companies, the developer of FHA-approved condominium Third + Bond in Carroll Gardens, said. “Now we have gotten involved in making sure that as many financing options as possible are available for buyers, and that is where FHA comes into play.” In the wake of the FHA’s financial woes, regulators have chosen to actually loosen standards, Crain’s reported, with condos needing just 30 percent of units pre-sold, as opposed to 50 percent, to qualify for FHA as of Dec. 7.

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